In 2024, despite the decline of 24% in new battery electric vehicles (BEVs) registrations, optimistic projections for 2025 arise from the introduction of affordable models anticipating a market rebound.
Used imports notably surged by 21.5%, predominantly from Japan, significantly influencing the market dynamics for both new and used vehicle registrations in 2024.
Despite expectation trends towards electrification, diesel vehicles saw a minor recovery with a 1.3% increase in registrations, challenging narratives of its impending demise.
The plug-in hybrid electric vehicle (PHEV) segment emerged as the fastest-growing in 2024, fueled by increasing consumer demand for models with extended electric ranges.
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